Hole in One Insurance Rates: The Cost and Savings Behind Hole in One Insurance
Do you dream of holding a hole in one contest at your next event that offers big prizes like vacations, cash, and cars, but can’t fathom fulfilling the prize if someone wins? With hole in one insurance, you can promote your golf tournament with exciting contests like hole in one contests, million dollar shootouts, and putting contests, without having to pay out the winner if someone should shoot an ace.
If you’ve never held a hole in one contest before, you may be wondering how much it costs. After all, it may seem really expensive to insure your contest, especially with elaborate prizes like trips for two to the Masters or a grand prize of a million dollars. Fortunately, hole in one insurance is a lot more affordable than you might think! Plus, with endless benefits such as sponsorship opportunities and attracting attendees, a hole in one contest is the perfect way to add value to your golf tournament.
Check out the benefits of holding a hole in one contest and get the scoop on the costs and savings with hole in one insurance.
What is Hole in One Insurance?
Hole in one insurance coverage allows event goers the chance to compete for big prizes like vacations, cash, and brand new cars through a hole in one contest. Instead of the event organizer assuming the responsibility to pay out the prize package should a contestant hit an ace, hole in one insurance coverage protects the organizer, and American Hole ‘n One assumes all of the responsibility of fulfilling the prize. This way, you can reap the benefits of promoting a hole in one contest at your golf tournament, without having to pay the hefty prize should someone shoot a hole in one.
In addition to the hole in one contest, other popular golf tournament events include putting contest and a million dollar shootout, which gives contestants the ability to compete for a one million dollar prize!
Hole in One Insurance Cost: Is It Really Worth It?
Hole in one insurance rates vary from one company to the next and will depend on a number of different factors, including:
- The number of golfers participating in your contest
- The yardage of the hole
- The cash value of the prizes you want to give away
Typically, the cost of hole in one insurance can vary from $99 to $1,000, however, when considering the savings, hole in one insurance is truly worth it. For example, you can advertise hole in one prizes, trips for two, large cash prizes, and even new cars, while saving thousands of dollars if someone should hit a hole in one.
When calculating the hole in one insurance rate, it’s important to note that the more elaborate the prize, the greater the hole in one insurance rate will be. For example, getting coverage for a million dollar shootout will be more expensive than a prize of $5,000. However, offering larger prizes will create excitement amongst golfers, attract more attendees, and get sponsors involved in your golf tournament, which can make your event a huge success.
Attracting Sponsors for your Hole in One Contest
If you’re worried about the cost of hole in one insurance, there are ways to get sponsors to cover the costs of your hole in one contest. In fact, many of the organizers we work with are local and national companies looking to sponsor a hole in one contest in return for getting their name printed on the contest’s signage. This proves to be a win-win situation for both event organizers who are looking to grow their golf tournament and sponsors seeking the opportunity to promote their services within the community.
If you are a smaller group that’s looking to secure sponsorship for your hole in one contest, and need some assistance, our team will be happy to provide you with some ways to pitch sponsors in your local community.
Get the Best Hole In One Insurance Rates at American Hole ‘n One
American Hole ‘n One seeks to help event organizers keep hole in one insurance rates low with our affordable contest coverage. In many cases, event organizers can secure coverage for their hole in one event for as little as $99.
Getting coverage for your event is easy with the help from American Hole ‘n One’s Golf Excitement Specialists. Our team will walk you through the process, crunch the numbers, and provide you with your personalized hole in one insurance rate in no time. We’ll answer any questions you may have regarding your coverage, so you can feel confident that you’re receiving the absolute best contest coverage for your event.
What sets American Hole ‘n One apart from other hole in one insurance providers is that we provide a number of complimentary add-ons, including a main prize sign, bonus prizes to create excitement, up to 5 additional double-sided bonus prize signs, and free direct shipping of your golf event signage.
To learn more about our all-inclusive hole in one insurance coverage packages, give us a call or fill out our online contact form. We look forward to helping you make your next golf tournament a huge success!